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Administrative Services Agreement

 

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Title:

Administrative Services Agreement

Entities:

Centex Construction Products, Inc.; Eagle Materials Inc.

Date:

2004

Size:

Preview shows 3KB of 16KB total

Price:

$34

ID:

#419655

 

 

► Services ► Administrative Services Agreements
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                        ADMINISTRATIVE SERVICES AGREEMENT



This Administrative Services Agreement ("Agreement") is made and
entered into as of January 30, 2004 by and between EAGLE MATERIALS INC.,
formerly known as Centex Construction Products, Inc., a Delaware corporation
("Eagle"), and CENTEX SERVICE COMPANY, a Nevada corporation ("Service Company").

RECITALS

Eagle desires to engage Service Company to perform certain services for
Eagle as hereinafter set forth, and Service Company desires to accept such
engagement, upon the terms and subject to the conditions set forth in this
Agreement.

AGREEMENT

NOW, THEREFORE, in consideration of the premises and the mutual
covenants set forth herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Eagle and Service
Company do hereby agree as follows.

1. Term of Agreement. The initial term of this Agreement shall extend
from the date hereof to the close of business on December 31, 2005, provided
that this Agreement may be sooner terminated in accordance with the provisions
of Section 8 hereof.

2. Services. Service Company shall provide to Eagle such services as
are described in Exhibit A hereto. Following the conclusion of the first six
months of the two year term of this Agreement, the parties will implement a
mutual plan to discontinue all of the Services provided hereunder by Service
Company to Eagle incrementally over the next eighteen months so that by the end
of the two year term all of such services will be provided internally by Eagle,
or to Eagle by third parties not affiliated with Service Company.

3. Insurance Coverage. At the commencement of this Agreement, Service
Company will provide consultation to Eagle, on reasonable terms, as to all of
Eagle's insurance and bonding programs, including general liability, primary and
excess umbrella, automobile, and workers' compensation, for the benefit of
Eagle.

4. Liability of Service Company. Service Company shall not be liable,
responsible or accountable in damages or otherwise to Eagle for any act
performed by Service Company on behalf of Eagle in a manner reasonably believed
by Service Company to be within the scope of the authority granted to it by this
Agreement and in the interest of Eagle, provided that Service Company was not
guilty of gross negligence or willful or wanton misconduct.

5. Indemnification. Eagle shall indemnify, save harmless and defend
Service Company and each of Service Company's shareholders, directors, officers,
employees, agents, attorneys and insurers (individually, an "Indemnitee")
against any and all losses, damages, liabilities, judgments, fines, penalties,

 

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